Business
NGX: Investors lose N117bn as equities market slump continues
For the third day running, investors in the Nigerian equities market lost N117 billion at the end of trading on Thursday.
This followed a crash in the share prices of stocks like OMATEK, CUTIX, and FCMB, amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization dropped to N56.7 trillion from N56.8 trillion posted by the bourse on Wednesday.
The All-Share Index (ASI) also decreased to 100,156.96 from 100,365.17 recorded the previous day.
The market breadth was negative as 12 stocks advanced and 25 declined, while 81 others remained unchanged in 8,198 deals.
CUSTODIAN, LIVESTOCK and WAPIC led other gainers with 8.51%, 3.91% and 3.90% growth in share price each to close at N9.40, N2.30, and N0.77 from the previous N10.20, N2.39, and N0.80 per share.
READ ALSO: Investors lose N113bn amid suspension of stocks by NGX
On the flip side, OMATEK, CUTIX, and FCMB led other price decliners as they shed 10%, 9.51%, and 8.75% each to close at N0.63, N5.33, and N7.30 from the initial N0.70, N5.89, and N8.00 per share.
On the volume index, FIDELITY BANK led trading with 53 million shares valued at N561 million in 293 deals followed by ZENITH BANK which traded 40 million shares worth N1.464 billion in 564 deals.
GTCO traded 27 million shares valued at N1.20 billion in 460 deals.
On the value index, ZENITH BANK recorded the highest value for the day trading stocks worth N1.46 billion in 564 deals followed by GTCO which traded equities worth N1.20 billion in 460 deals.
UCAP traded stocks worth N562 million in 539 deals.
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